The London Stock Exchange announced today that it had received membership applications from firms representing around 85 per cent of the market in trading Dutch securities.

The Exchange has now received applications from 25 Dutch firms, in addition to forms from existing Dutch-based and London-based member firms who can use their London Stock Exchange membership to access the Dutch market.

In addition, all of the major vendors and software houses – including Bloomberg, Cognizant, Deriva, GL Trade, ORC, Proquote, Reuters, Royalblue, RTS and Thomson Financial – have committed to support trading access to the EuroSETS Dutch service.

Commenting on the membership take-up, Martin Graham, Director of Market Services at the Exchange, said:

“The EuroSETS Dutch Trading Service we have put together is the result of extensive discussion with the customers that make up the Dutch market. The success of the service is in the hands of those same customers. We are very encouraged by the number of firms that have applied for membership to the Dutch Trading Service, and take this as a further sign that customers are keen to make competition work.”

The Exchange continues to make good progress towards the live date of 24 May 2004. Integration testing with LCH.Clearnet SA is progressing very well and the network Hub in Amsterdam has been installed and fully tested, ready for customers to access.

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